As the business of luxury shows swift signs of a rebound in China and beyond, luxury brands need to prepare now for the next challenge. Image credit: Prada, Haitong Zheng
The third wave: After COVID-19 and economic hardship, what is luxury’s next challenge?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Marketing | No 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","iv":"9c12cddff66aedeffb1fbaedac5c5f4e","s":"d10f007ab0fec347"}